Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
Wells Fargo CEO Charlie Scharf said Tuesday that low staff turnover means the company will likely book a large severance…
Swiss bank Banque Pictet admits hiding $5.6 billion of Americans’ money from IRS
A major Swiss bank admitted to conspiring with U.S. taxpayers and others to hide over $5.6 billion from the Internal…
Trump slams JPMorgan CEO Jamie Dimon for praising Nikki Haley
Former President Donald Trump on Thursday ripped Jamie Dimon as an “overrated Globalist” after the JPMorgan Chase CEO praised rival…
What one Swiss bank’s troubles can tell us about market vulnerabilities — and social media
The share price of Julius Baer plummeted after the Swiss private bank disclosed 606 million Swiss francs ($692.7 million) of…
Jamie Dimon says JPMorgan Chase would exit China if ordered to
JPMorgan Chase CEO Jamie Dimon said Wednesday that his bank would exit China if the U.S. government ordered him to.…
Apple is trying to unwind its Goldman Sachs credit card partnership
Apple has given Goldman Sachs a proposal to end its credit card and savings account partnership within the next 12…
These regional banks are at greatest risk of being taken over by rivals, according to KBW
A trio of regional banks faces increasing pressure on returns and profitability that makes them potential targets for acquisition by…
Goldman Sachs paid pro golfer Patrick Cantlay more than $1 million annually, sources say
Goldman Sachs paid professional golfer Patrick Cantlay more than $1 million annually in a sponsorship deal linked to the bank’s…
Mastercard doubles down on effort to detect and tackle crypto fraud with AI tie-up
Mastercard is doubling down on its efforts to detect and prevent fraud that’s routed through cryptocurrency exchanges. The company told…
